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Tesla shares tumble below $150 per share

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Tesla shares tumble below 0 per share


Tesla’s stock tumbled below $150 per share, giving up all the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers.


What You Need To Know

  • Tesla’s stock tumbled below $150 per share, giving up all the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers
  • Shares of Tesla Inc. last traded at the $150 level in Jan. 2023
  • Wall Street expects that Tesla will report a decline in first quarter earnings next week and many are wondering if there’s any near-term catalyst for growth that would end Tesla’s stock slide
  • Musk disputed the reports, but wrote on X, the social media platform that he owns, that Tesla would unveil a robotaxi at an event on Aug. 8

Shares in the Elon Musk-owned company slid nearly 4% in intraday trading Thursday, in what now stands as the third worst week for the stock in 2024, a year that has been dismal for Tesla investors. The Austin, Texas company’s shares are down 12.4% this week and more than 39% this year.

Shares of Tesla Inc. last traded at the $150 level in Jan. 2023.

It’s also been a bad year for employees. Tesla said Monday that it was cutting 10% of its staff globally, about 14,000 jobs. The next day, Tesla announced it would try to re-instate Musk’s $56 billion pay package that was rejected by a Delaware judge in January, who said that the arrangement was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.

At the time of the Delaware court ruling, Musk’s package was worth more than $55.8 billion, but the stock slide has cut that to $44.9 billion at the close of trading on Friday, according to a company filing this week.

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Tesla shares hit an all-time intraday high of $415.50 in Nov. 2021, adjusted for a 3-for-1 stock split that took effect in August 2022.

Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. The company said it delivered 386,810 vehicles from January through March, nearly 9% below the 423,000 it sold in the same quarter of last year.

Dan Ives, an analyst with Wedbush who has been very bullish on Tesla’s stock, called the first quarter sales numbers an “unmitigated disaster.”

“For Musk, this is a fork in the road time to get Tesla through this turbulent period otherwise dark days could be ahead,” Ives wrote this week.

Yet on Thursday, Deutsche Bank joined other industry analysts in voicing concern over Musk’s big bet on autonomous vehicles as it stripped the company of its “buy” rating, citing Tesla’s “change of strategic priority to Robotaxi.”

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Wall Street expects that Tesla will report a decline in first quarter earnings next week and many are wondering if there’s any near-term catalyst for growth that would end Tesla’s stock slide. Industry analysts were expecting a new small electric vehicle for the masses that would cost around $25,000, the Model 2, but there were reports last week that Musk was scrapping that project.

Musk disputed the reports, but wrote on X, the social media platform that he owns, that Tesla would unveil a robotaxi at an event on Aug. 8.

Uncertainty over the release of a cheaper vehicle from Tesla has altered the equation for analysts like Deutche Bank’s Emmanuel Rosner.

Such a delay would tie Tesla’s future more closely to “cracking the code on full driverless autonomy, which represents a significant technological, regulatory and operational challenge. We view Tesla’s shift as thesis-changing,” Rosner wrote.

Since last year, Tesla has cut prices as much as $20,000 on some models as it faced increasing competition and slowing demand.

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Other automakers also have had to cut electric vehicle production and reduce prices to move EVs off dealership lots. Ford, for instance, cut production of the F-150 Lightning electric pickup, and lopped up to $8,100 off the price of the Mustang Mach E electric SUV in order to sell 2023 models.

U.S. electric vehicle sales growth slowed to 3.3% in the first quarter of the year, far below the 47% increase that fueled record sales and a 7.6% market share last year. Sales of new vehicles overall grew 5.1%, and the EV market share declined to 7.15%.

In addition to massive job cuts this week, Tesla this week announced the departure of two high-placed executives.

Andrew Baglino, Tesla’s senior vice president of powertrain and energy engineering, is leaving after 18 years with the company.

Rohan Patel, senior global director of public policy and business development and eight-year Tesla veteran, is also departing.

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Austin, TX

Black Sheep Coffee Opens First Austin Location, Expanding Its Texas Footprint | What Now Austin

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Black Sheep Coffee Opens First Austin Location, Expanding Its Texas Footprint | What Now Austin


Black Sheep Coffee, the international coffee brand, will celebrate the opening of its first Central Texas location in Downtown Austin with two public events. The new café, located at W 6th St & Guadalupe St, Austin, TX 78701, marks a significant step in the company’s U.S. expansion following strong growth throughout the Dallas–Fort Worth region.

A public ribbon-cutting ceremony, hosted in partnership with the Austin Chamber of Commerce, will take place on Thursday, January 15 from 12:00 p.m. – 2:00 p.m., welcoming community members, local leaders, and partners into the space. During the event, guests can enjoy half-price lattes, including coffee and matcha drinks.

On Saturday, January 17, Black Sheep Coffee will officially celebrate their grand opening with a Sips & Beats event from 11:00 a.m. to 2:00 p.m., featuring live vinyl set by DJ Foxxy Brown, signature menu tastings, and half-price lattes throughout the event. Continuing the celebration, the store will also offer a 50% discount to International Half Marathon medal holders on Sunday, January 18, welcoming runners and spectators to refuel post-race.

Designed to reflect Austin’s creative identity, the location features custom graffiti artwork inspired by the city’s street art scene and the energy of Downtown. The new outpost will serve Black Sheep Coffee’s complete menu, including its 100% specialty-grade Robusta coffee, ceremonial-grade matcha, smoothies, pastries, Norwegian waffles, curated food offerings, and two bakery variations created exclusively for the Austin store. Additional limited-time items will debut later in January as part of the brand’s functional health product refresh.

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Austin has long been on our radar for its passionate community and standout coffee culture,” said Eirik Holth, co-founder of Black Sheep Coffee in a statement. “We’re excited to become part of that fabric and bring something new to Downtown. With several U.S. locations in the pipeline, Austin marks a major milestone in our next chapter of growth.

Black Sheep Coffee chose Austin for its strong alignment with the brand’s ethos and its reputation as a city that celebrates individuality and creativity. The opening also reinforces the company’s long-term commitment to Texas, with several additional locations planned statewide for 2026.

The Austin café will be open Sunday through Thursday from 6:00 a.m. to 8:00 p.m. and Friday and Saturday from 6:00 a.m. to 9:00 p.m. For more information, visit BlackSheepCoffee.us.



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Austin, TX

Lawsuit: Brianna Aguilera’s parents allege underage alcohol service at Austin tailgate contributed to daughter’s death

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Lawsuit: Brianna Aguilera’s parents allege underage alcohol service at Austin tailgate contributed to daughter’s death


The parents of Brianna Aguilera have filed a lawsuit against two organizations, alleging that they served alcohol to their underage daughter which contributed to her death in Austin.

Before Aguilera fell to her death from the Rio 21 Apartments in West Campus, the lawsuit states that she attended a tailgate at the Austin Blacks Rugby Club’s facility, organized by the UT Latin Economics and Business Association.

Both the Austin Blacks Rugby Club and the UT Latin Economics and Business Association were listed as defendants in the lawsuit.

>> What we know about Texas A&M student Brianna Aguilera’s death in Austin

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Even though the lawsuit states Aguilera was “noticeably intoxicated” at the tailgate, her parents argue that the defendants continued to serve her alcohol.

According to court documents, Aguilera allegedly began stumbling at the tailgate and needed help standing at times. At some point, the lawsuit said she fell into the woods and lost her phone.

After leaving the tailgate at approximately 10 p.m., court documents state Aguilera died around two hours later.

The lawsuit also accuses the defendants of negligence and gross negligence for serving alcohol to Aguilera despite her age and allegedly overserving her.

In the suit, Aguilera’s parents demanded a trial by jury and sought at least $1 million plus interest, costs and punitive damages.

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Aguilera’s parents also seek damages for wrongful death, citing the defendants’ alleged misconduct.

Houston-based attorney Tony Buzbee, who’s representing the Aguilera family, commented on the lawsuit in a Tuesday news conference.

Watch the full news conference below:

“Brianna was obviously overserved,” Buzbee said. “Even the police have concluded that she was overserved at that tailgate. She was not 21.”

Buzbee also stated that the Austin Police Department has allegedly told multiple witnesses not to talk with him and Aguilera’s parents.

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“They told the three, the three individuals that were in that apartment that night when this young girl died. They told them, do not speak to Brianna’s mother or her lawyers,” Buzbee said.

He said that the lawsuit could provide a way for the witnesses to eventually come forward with information.

“By filing this lawsuit, not only will we hold accountable an entity or entities that were involved in overserving Brianna and other minors, but we will also be able to subpoena individuals and documents and video and data so we can continue our investigation,” Buzbee said.

KSAT’s sister station, KPRC, has reached out to both the Austin Blacks Rugby Club and the UT Latin Economics and Business Association for comment on the lawsuit. This story will be updated once the organizations provide a statement.


More coverage of this story on KSAT:

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Austin, TX

Cedar pollen eases, but record heat builds across Central Texas

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Cedar pollen eases, but record heat builds across Central Texas


Although record-breaking heat and spring-like warmth dominated the first few days of the new year, cooler — but still warmer than normal —temperatures settled in to start the first work week of 2026.

The heat will ramp up yet again Tuesday and Wednesday, with temperatures about 20 degrees above the normal early-January high of 62 degrees. 

Expect a blanket of low stratus clouds and some patchy dense fog Tuesday morning, but skies should begin clearing around lunchtime.

“In the meantime, a surface trough (of low atmospheric pressure)/dry line will push from the southern Edwards Plateau into the I-35 corridor, bringing temperatures into the lower to mid-80s,” meteorologists with the National Weather Service wrote in a forecast discussion Monday. “It is going to be very warm for this time of year, and some daily high temperature records could be broken.”

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Those temperatures could rival record highs at both Austin climate observation sites, Camp Mabry and Austin-Bergstrom International Airport, where the standing record is 84 degrees, set in 1989.

Behind the dry line Tuesday, drier air will move into Central Texas, leading to a slightly cooler start Wednesday under mostly to partly cloudy skies.

Morning temperatures will dip into the 50s around sunrise before climbing into the upper 70s to mid-80s by the afternoon. Those highs would surpass the record of 80 degrees set in 2008 at Camp Mabry.

Temperatures the rest of the week will remain above normal with mostly cloudy mornings but sunny afternoons. 

A cold front is forecast to move across the region later in the week with a slight rain chance Thursday and Friday, but most of the rain will fall north and east of Austin. However, cooler and more seasonable weather is expected this weekend. 

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This past weekend, Austin experienced the highest cedar pollen counts so far this season with a count of 3,200 grains per cubic meter Saturday and a peak of 4,000 grains per cubic meter on Sunday. However, the count dropped to just over 1,000 grams per cubic meter on Monday. Humidity has been on the rise in the past few days, and winds have been much lighter. Those factors have helped “settle” the cedar pollen for the time being. 

Luckily, the winds have turned southerly and are much lighter, so the pollen has settled a bit. A small chance of rain on Thursday and Friday should also help dampen cedar pollen before it becomes airborne. However, above-normal temperatures will allow tree pollen cones to continue opening, setting the stage for another pollen surge when the next breezy cold front arrives.



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